Entrepreneur Review 1

A common advantage of starting your own business is having

• long and unpredictable work hours, no guaranteed paychecks, and stress.

• no friends and a lack of excitement.

• unlimited earning potential

• slow pace of work and lack of freedom.

One disadvantage of being an entrepreneur is

• control

• freedom

• earning potential

• high stress

What percentage of all businesses fail within the first year? 

• 25%

• 80%

• 50%

•  

  10%

Starting and running a business is full of risks.

• True

• False

A business owner is risking their ______________ and ____________.

• motivated and determined.

• learn and grow.

• time and money.

To be a successful business owner you need to be willing to constantly ___________ and ___________.

• learn and grow.

• motivated and determined.

• time and money.

Select the correct spelling of the term used for a self-made business owner.

•  

  Entrepruners

• Entraprenurs

• Entrepreneurs

Walt Disney was an entrepreneur in which industry?

• Beauty / Fashion

• Music / Entertainment

• Transportation

• Computer / Technology

Coco Chanel was an entrepreneur in which industry?

• Beauty / Fashion

• Music / Entertainment

• Transportation

• Computer / Technology

For an entrepreneur, _________________ is helpful for coming up with new ideas and ways to gain an advantage.

• being creative

• being nervous

• being highly educated

• being dishonest